Preparing for RMP®

This course is available for virtual delivery – please contact us for further details (1 face-to-face training day typically translates into 2 to 4 virtual sessions per day, this is determined by the specific course content. Number of sessions and specific session times will be confirmed in advance of course delivery.)   Pressures to complete projects on accelerated schedules and the call for innovations to stay ahead of the competition are among the reasons why qualified risk management professionals are needed on project management teams. Industry practice recognises the importance and special qualifications needed to be a project risk management professional. Project risk management practitioners provide expertise in the specialised area of assessing and identifying project risks along with plans to mitigate threats and capitalise on opportunities. Project risk management professionals should be recognised for their knowledge, skills and experience in this specialized area of project risk management. The Project Management Institute (PMI®) recognises the importance and special qualifications needed to be a project risk management professional. The PMI-RMP® credential will substantiate the applicant's knowledge, skills and experience in this area, and this PMI-RMP® preparation course will help in preparing to take and pass the RMP® certification exam.

Delivery Mode

  • Customised
    In-House
    Programmes

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SnapshotSnapshot

What's covered?

The course is broken into the following areas:

  • Introduction Session: - Overview of the RMP® Application and Exam
  • Topic 1: - Risk Communication
    • Introduction to Risk Management
    • Preparing for risk communication
    • Risk and Stakeholder Management
    • Managing Risks and Project Changes
    • Communicating Risk Identification
    • Topic 1 Sample Exam
  • Topic 2:- Risk Governance
    • The Principle involved in risk governance
    • Risk management and the project life cycle
    • Understanding the management of Risk
    • Understanding escalation and management
    • Topic 2 Sample Exam
  • Topic 3:- Principles and Concepts of Risk Management
    • Definition of risk & risk management
    • takeholder risk attitudes
    • Responsibilities for risk within projects
    • Topic 3 Sample Exam
  • Topic 4: - Planning Risk Management
    • Components of the risk management plan
    • Risk Breakdown Structures (RBS)
    • Techniques for Risk Planning
    • The Risk Management Plan
    • Topic 4 Sample Exam
  • Topic 5: - Identify Risks
    • Risk identification techniques
    • The risk register
    • Determining which risk tool to use
    • Topic 5 Sample Exam
  • Topic 6: - Qualitative Risk Analysis
    • Defining impact
    • Risk probability and impact scoring
    • Developing risk log
    • Topic 6 Sample Exam
  • Topic 7: - Perform Quantitative Risk Analysis
    • Data Gathering & Representation techniques
    • Modelling & Simulation, Probability distribution
    • Monte Carlo Simulations
    • Tornado diagrams, sensitivity analysis, criticality analysis
    • Decision trees
    • Risk Expected Monetary Value (EMV) calculation
    • Topic 7 Sample Exam
  • Topic 8: - Plan Risk Responses
    • Strategies for positive and negative risks
    • Risk & contracting
    • The risk response action plan
    • Contingency planning, calculating the contingency fund
    • Secondary & residual risks
    • Topic 8 Sample Exam
  • Topic 9: - Monitor and Control Risk
    • Risk re-assessment
    • Process improvement
    • Managing contingency reserves
    • Risk audits, trend analysis
    • Topic 9 Sample Exam

Who should participate?

This is an exam preparation course that is beneficial for those who are targeting on undergoing the RMP ® exam. However, it may also be of particular benefit to those who are beginning to work in a risk environment and want to understand ‘best practice’ risk management with a view to undergoing the exam in the near future.

What will I learn?

Participants achieve the following learning outcomes from the programme;

  • Understand the RMP® exam process (i.e. application procedure to taking the exam)
  • Review the six processes of project risk management and their relation with other project management knowledge areas
  • Understand the governance and structures behind risk management
  • Be able to distinguish between risk and issue management and how to do it
  • Analysis of the tools and techniques to identify risk
  • Understand the qualitative approach to risk analysis
  • Review of simulation tools and techniques such as Monte Carlo, PERT, Tornado Diagrams
  • Understand how to monitor and communicate project risk on a timely basis
  • Focus on risk monitoring and control
  • Understand the communication principles behind risk and issues management
  • Be able to manage stakeholder involvement with risk

Who are the tutors?

Liam Dillon

Liam Dillon specialises in Project Management and Program Management. Liam holds a Master of Science degree in Project Management and is one of the few practitioners to hold multiple project and program management accreditations (PMP®, PMI-ACP®, PMI-RMP®, PMI-SP® and PgMP®) from the Project Management Institute (PMI®). Liam has over 23 years’ professional experience. During that time, he has led some significant global IT and Infrastructure projects and programs for various industries.

Coupled with his industrial experience, Liam spends time training and coaching project managers in USA, Middle-East, Asia and Europe on the topic of project and program management. Liam has served as the President of the Ireland Chapter of PMI and has served as the Chairperson of PMI’s Global Board Volunteer Advisory Group. He has presented both at national and international conferences of the topic of project, program and portfolio management.


Michael Lane

Michael is an experienced professional with history of achievement in the software industry, both in services & product development. His background is in program management, team development (International and local) and general management.

During his extensive career, Michael brings a wealth of practical knowledge on the concepts behind programme management. His portfolio include extensive product development programme to the management of diverse international teams which the common objective of product delivery

Michael has been a part of the academic staff in the University of Limerick where he is responsible for preparation, delivery and assessment of multiple undergraduate and taught postgraduate modules. While Michael currently works in the Engineering department he also spends time with the Project Management faculty in the Kemmy Business School. In conjunction with his responsibilities with University of Limerick, Michael also works with Turlon & Associates within the project and program consultancy / training area.

As well as his third-level qualifications in computer science & marketing, he is also PMI qualified Project Management Professional and is currently beginning his journey towards his Doctorate


Michael Lane

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Michael Lane

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